by Annemieke Roell on Wed Sep 19, 2007 8:53 am
Ben, it has several reasons ...... one of them as a deterrent for appraisers to cross the line and to illustrate what can happen if we become complacent. This forum doesn't have the "readers only" yet like the other one, but we will and we might as well start this now.
The latest revocation in OK was a doozy. We happened to be the ones filing this complaint:
We did a desk review on this appraisal and it was chockfull of oversights and inconsistencies. The GLA was wrong, the distance of the comps was much farther than the report stated, the location of the Subject was not described properly (the appraiser neglected to mention that the Subject abutted an industrial park, which we noticed on Google Earth), etc etc etc.
Greg testified at the hearing and somebody asked the appraiser the question: did you even see the Subject? The answer was "no", he sent a trainee who did the inspection, the sketch, collected all the data and wrote the report. When asked why the appraiser did not have the trainee sign on the left and himself on the right as Supervisor, the panel was told that this was not his own trainee but somebody else's. The value the appraiser came up with was around $110K while our review came in at around $30K (GP, please correct me if I am off here).
The Disciplinary Committee recommended to the Board to revoke this person's license and during the last Board meeting where the final dicision was to be made, the appraiser and his attorney were present in a last attempt to save the license and get away with a less severe punishment.
I should note that the attorney for the defendant was hired the afternoon prior to the hearing and, as became evident during the Board meeting, was not well versed in these matters.
So when we came to the agenda item dealing with this case, the attorney of the defendant tried to convince everybdy that the only offense the appraiser was guilty of was to mis-represent the GLA which resulted in a higher value.
The attorney for the Board pointed out there there were much more serious issues at hand and the Board agreed.